industrialization spreads worksheet

strike

a refusal to work by employees

socialism

an economic system in which the factors of production are owned by the public

communism

form of complete socialism in which the means of production would be owned by the people and private property would cease to exist

Wilberforce

led the fight for abolition to British parliament

industrialization in the United States

1. began in the textile industry -Samuel Slater -Francis Lowell 2. shoe making mechanized too

the rise of corporations

3. entrepreneurs began to sell stocks to raise money for large business -stockholders shared profits but not debts 4. giant corporations made big profits by the cost of producing goods a. john rockefeller b. andrew Carnegie

Karl Marx

German novelist who wrote the Communist Manifesto with Engels

transformation of society

11. industrialization affected every aspect of society. the workers suffered hardships but in the long term most people's lives improved. 12. the rise of prosperous middle class led to better education and greater democratic participation

industrialization in Belgium

5. Belgium led Europe in adopting Britain's new technology 6. Belgium had abundant natural resources as well as good waterways for transportation

industrialization in Germany

7. pockets of industrialization appeared in the early 1800s Germany began to copy the British model of industrialization 8. railroads were built and by the 19th century they were an industrial and military giant

growing global economy

9. The gap between industrialized countries widened due to the industrialized countries exploiting poor countries 10. Britain was the first to exploit oversea colonies for their resources and markets

capitalism

an economic system in with the factors of production are owned privately

laissez faire

economic policy of letting owners of industry and business set working conditions without interference

Jane Adams

established a settlement house in Chicago for the aid of women and children.

industrialization

process of developing machine production of goods

collective bargaining

the process of negotiation between workers and their employers

unions

voluntary assosciations of workers who pressed for reforms

Adam Smith

wrote the wealth of nations and defended free markets